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THE

BEECHAMBER

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NEWS

WHICH ENTITIES DO THE B-BBEE CODES OF GOOD PRACTICE APPLY TO?

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The B-BBEE Codes of Good Practice provide a framework for measuring how entities achieve their B-BBEE status levels through specific principles, calculations, and methodologies. According to Clause 3 of Statement 000, the Codes apply to all Organs of State and Public Entities, as well as any entities engaging in economic activities with them, and those seeking to establish their own B-BBEE compliance. Technical services are available to assist in understanding these requirements.

A B-BBEE Code of Good Practice is a framework of measurement on how a Measured Entity scores points to achieve a specific B-BBEE Status Level. It consists of all principles, calculations, and methodologies on how this is executed.

 

 

3.     APPLICATION OF THE CODES

 

3.1   The following Entities are measurable under the Codes: 

 

3.1.1     all Organs of State and Public Entities;

 

3.1.2     all Measured Entities that undertake any economic activity with all Organs of State and Public Entities;

 

3.1.3     any other Measured Entity that undertakes any economic activity, whether direct or indirect, with any other Measured Entity that is subject to measurement under paragraph 3.1.1 to 3.1.2 and which is seeking to establish its own B-BBEE compliance.

 

 

Technical Services are on hand to assist with the understanding of the above.

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